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Sean Parker

The boys are back together again. Sean Parker and Shawn Fanning are teaming up on a new start-up called Supyo, a new video chat company, according to multiple sources.

The story is fascinating because Parker and Fanning started Napster together way back in 1999, upending the music industry. Now the question is can they do a similar thing with Supyo?

Parker and Fanning have been interested in video chat for some time. They previously were closely involved with helping Andrey Ternovskiy, the founder of Chatroulette with his company. Parker was also interested in buying Chatroulette outright, sources told me. But for whatever reason that did not happen. And Parker and Fanning later went on to build their own thing. (Ternovskiy did not respond to a request for comment.)

Parker and the company have already raised angel funding from a big group of angel investors, sources said.

Earlier today, I pinged Founders Fund, where Parker is a partner, for comment on this story. And lo and behold, about an hour later, a story about Supyo then appeared on TechCrunch. In its story, TechCrunch notes that TechCrunch founder Michael Arrington is an investor in Supyo.

As chronicled in a recent Vanity Fair feature, Parker was 19 when he teamed up with an even younger Shawn Fanning to start Napster. Two years later he co-founded Plaxo. And Parker went on in 2004 to become involved with Facebook and became president of the company before eventually leaving in 2005. Parker is probably most well known now popularly because Justin Timberlake played his role in "The Social Network."